Spain's Solarpack appoints new CFO

Spanish solar projects developer Solarpack Corporacion Tecnologica SAU has appointed Luis Alvargonzalez as its new chief financial officer (CFO), the company announced on Monday.

The new finance head previously held several senior roles at Spanish transport infrastructure and urban services company Ferrovial SA (BME:FER).

During his time at Ferrovial, Alvargonzalez was in charge of setting up the firm’s energy business unit from scratch, including heading sizeable investments in transmission lines and solar photovoltaic (PV) projects.

The company said that the CFO will further develop the capabilities of Solarpack’s executive team as part of its ambitious business plan.

The appointment comes around two months after Solarpack was acquired by Swedish investment firm EQT AB (STO:EQT) and taken private.

“Luis brings management skills and an extensive hands-on domestic and cross-border experience in project development, project financing, M&A and asset management that will help Solarpack and EQT deliver its ambitious business plan”, CEO Pablo Burgos added.

According to the company's website, Solarpack has a roughly 752.3 MWp under its global portfolio, of which 295 MWp are in Spain.

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